LONMIN PLC - Lonmin Plc - Result of Rights Issue

Lonmin Plc - Result of Rights Issue

Lonmin Plc (Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number 1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN : GB0031192486 ("Lonmin")


 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
  OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER
  JURISDICTION WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS
   ANNOUNCEMENT IS NOT PERMITTED BY APPLICABLE LAW OR REGULATION


11 December 2012

LONMIN PLC
RESULT OF RIGHTS ISSUE

Lonmin Plc ("Lonmin" or "the Company") today announces that, as at 11.00 a.m. (UK time) on
10 December 2012, being the latest time and date for receipt of valid acceptances, it had
received valid acceptances in respect of 354,416,422 New Shares, representing approximately
96.97 per cent of the total number of New Shares offered to Shareholders, pursuant to the
Rights Issue announced by the Company on 9 November 2012.

The Chairman of Lonmin, Roger Phillimore, said: “I am delighted that the board and
management team has received such overwhelming support from shareholders, in both the UK
and South Africa, and would like to convey our gratitude to them. The proceeds of the Rights
Issue, allied to the amended banking facilities, provides financial security for Lonmin.
Management now has a secure platform from which to deliver the Lonmin Renewal Plan.”

In the UK, New Shares in uncertificated form will be credited to CREST accounts on
11 December 2012 and definitive share certificates in respect of New Shares in certificated form
will be dispatched to Shareholders by no later than 18 December 2012. In South Africa,
dematerialised shareholders will have their accounts credited with New Shares on
11 December 2012 and share certificates will be dispatched to certificated Shareholders by no
later than 18 December 2012. New Shares will commence trading fully paid on the London
Stock Exchange on 11 December 2012.

Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc and Standard
Bank Plc will, acting severally and not jointly (or jointly and severally) and as agents for the
Company, use their respective reasonable endeavours to procure subscribers for the balance of
11,080,521 New Shares not validly taken up under the Rights Issue by no later than
12 December 2012, subject to certain terms and conditions agreed with the Company. A further
announcement as to the number of New Shares for which subscribers have been procured by
Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc and Standard
Bank Plc will be made in due course.

Any premium over the UK Issue Price of 140 pence (or its equivalent in ZAR at the time of sale,
as the case may be) per New Share and the related expenses of procuring subscribers
(including any applicable brokerage and other commissions and any amounts attributable to
VAT and currency conversion costs) will be paid to those Qualifying Shareholders whose rights
have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed
provisional allotments, save that, in accordance with the terms of the Rights Issue, individual
amounts of less than GBP 5.00 or the equivalent in ZAR, calculated using the foreign exchange
rate at the date of payment (but which would have been approximately ZAR69.67 based on the
spot exchange rate at the close of business on 10 December 2012) will not be so paid but will
be aggregated and retained for the Company's own benefit.

If and to the extent that subscribers cannot be procured on the basis outlined above, the
relevant New Shares will be subscribed for by Citigroup Global Markets Limited, HSBC Bank
plc, J.P. Morgan Securities plc, Standard Bank Plc and the other Underwriters, acting severally
but not jointly (or jointly and severally), as principals pursuant to the Underwriting Agreement or
by sub-underwriters or other subscribers (if any) procured by the Underwriters, in each case, at
the UK Issue Price or at the SA Issue Price on the terms and subject to the conditions of the
Underwriting Agreement.

Capitalised terms used and not defined in this announcement shall have the same meanings as
in Part XIV (Definitions and Glossary) of the prospectus relating to the Rights Issue dated
9 November 2012.

ENDS

Enquiries:

Investors / Analysts:

Lonmin
Tanya Chikanza (Head of Investor Relations)     +27 11 218 8300 /
                                                +44 20 7201 6007

Ruli Diseko (Investor Relations Manager)        +27 11 218 8373


Media:

Cardew Group

James Clark / Emma Crawshaw                     +44 20 7930 0777

Sue Vey                                         +27 72 644 9777


Brunswick – Johannesburg

Cecilia de Almeida                              +27 11 502 7400 /
                                                +27 83 325 9169


Notes to editors

Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock
Exchange, is one of the world's largest primary producers of PGMs. These metals are essential
for many industrial applications, especially catalytic converters for internal combustion engine
emissions, as well as their widespread use in jewellery.

Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of
known global PGM resources are found.

The Company creates value for shareholders through mining, refining and marketing PGMs and
has a vertically integrated operational structure - from mine to market. Lonmin's mining
operations extract ore from which the Process Division produces refined PGMs for delivery to
customers. Underpinning the operations is the Shared Services function which provides high
quality levels of support and infrastructure across the operations.

For further information please visit our website: http://www.lonmin.com

Disclaimer

This announcement is an advertisement and not a prospectus and investors should not
subscribe for or purchase any securities referred to in this announcement except on the basis of
information contained in the prospectus dated 9 November 2012 published by the Company in
connection with the Rights Issue. Copies of the prospectus may be obtained from the
Company’s registered office, via the National Storage Mechanism and on the Company’s
website subject to certain restrictions. The prospectus does not constitute an offer to sell or a
solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation is
unlawful.
This announcement does not constitute, or form part of, any offer or invitation to purchase,
otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any
offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any
security in the capital of the Company in any jurisdiction. Any decision to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of any New Shares should only be made on the
basis of information contained in and incorporated by reference into the Prospectus which
contains further details relating to the Company in general as well as a summary of the risk
factors to which an investment in the New Shares is subject. Nothing in this announcement
should be interpreted as a term or condition of the Rights Issue.
This announcement and the information contained herein is not an offer of securities for sale in
the United States. The securities referred to in this announcement have not been and will not be
registered under the US Securities Act of 1933 (the "Securities Act"), or with any securities
regulatory authority of any State or other jurisdiction of the United States and may not be
offered, sold, resold, pledged, taken up, exercised, renounced or otherwise delivered,
distributed or transferred, directly or indirectly, into or within the United States except pursuant
to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act and in compliance with any applicable securities laws of any State or other
jurisdiction of the United States. No public offering of any securities of the Company will be
made in the United States. No money, securities or other consideration from any person inside
the United States is being solicited and, if sent in response to the information contained in this
announcement, will not be accepted.
This announcement does not constitute an offer of New Shares to any person with a registered
address in, or who is resident in, Australia, Canada or Japan. The New Shares have not been
and will not be registered under the relevant laws of any state, province or territory
of Australia, Canada or Japan. Subject to certain limited exceptions, neither the Prospectus nor
this announcement will be distributed in or into Australia, Canada or Japan. The release,
publication or distribution of this announcement in certain jurisdictions may be restricted by law
and therefore persons in such jurisdictions into which this announcement is released, published
or distributed should inform themselves about and observe such restrictions.
Each of Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc, Standard
Bank Plc and the other Underwriters, each of which (save as described in the part of the
Prospectus entitled "Important Information") is authorised and regulated in the United Kingdom
by the FSA, is acting solely for Lonmin and no one else in connection with the Rights Issue and
will not regard any other person (whether or not a recipient of this announcement) as a client in
relation to the Rights Issue and will not be responsible to anyone other than Lonmin for
providing the protections afforded to their respective clients nor for giving advice in connection
with the Rights Issue or any other transaction, arrangement or matter referred to in this
announcement.
This announcement has been issued by, and is the sole responsibility of Lonmin. Apart from the
responsibilities and liabilities, if any, which may be imposed on the Underwriters under FSMA or
the regulatory regime established thereunder, none of the Underwriters accepts any
responsibility or liability whatsoever and makes no representation or warranty, express or
implied, in relation to the contents of this announcement, including its accuracy, completeness
or verification or for any other statement made or purported to be made by them, or on their
behalf, in connection with Lonmin, the New Shares or the Rights Issue. The Underwriters
accordingly disclaim to the fullest extent permitted by law all and any responsibility and liability,
whether arising in tort, contract or otherwise, which they might otherwise be found to have in
respect of this announcement or any such statement.
Neither the content of the Company's website (or any other website) nor the content of any
website accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.


JSE Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

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